The Australian Prudential Regulation Authority (APRA) has released its quarterly private health insurance publications for the March 2019 quarter.
The publications provide industry aggregate summaries of key financial and membership statistics for the private health insurance industry.
Key performance statistics for the industry in the year ended:
March 2018 | March 2019 | Change | |
|---|---|---|---|
Premium revenue | $23.75 billion | $24.40 billion | +2.74% |
Fund benefits | $20.10 billion | $20.75 billion | +3.23% |
Net profit after tax | $1.39 billion | $1.37 billion | -1.44% |
Total assets | $14.38 billion | $14.98 billion | +4.17% |
Key ratios for the industry in the year ended:
March 2018 | March 2019 | Change | |
|---|---|---|---|
Gross margin | 14.41% | 14.01% | -40 bp |
Net margin | 5.43% | 4.98% | -45 bp |
Copies of the March 2019 quarterly publications are available on APRA’s website at: https://www.apra.gov.au/publications/private-health-insurance-statistics
/Public Release. View in full here.
